How Do I Cancel My Medicare Supplement Plan (Medigap Policy)?
If you decide to drop your entire Medicare Supplement Plan policy, you need to be careful about the timing. For example, you may want a completely different Medigap policy (not just your old one without the prescription drug coverage), or you might decide to switch to a Medicare Advantage Plan (like an HMO or PPO) that offers prescription drugs.
You can join a Medicare Advantage Plan between November 15 through December 31 each year.
If you drop your entire Medicare Supplement Plan (Medigap policy) and the prescription drug coverage wasn’t creditable or you go more than 63 days before your new Medicare coverage begins, you will have to pay a late enrollment penalty.
More Articles About Medicare Supplement
- Medicare Supplement Plans
- Am I Eligible For A Medicare Supplement Plan?
- Medicare Supplement Plans (Medigap) A through L And The New Plans M And N
- Do I Have Medicare Part D Prescription Drug Coverage With A Medicare Supplement Plan?
- Can I switch to a different Medicare Supplement Plan (Medigap)?
- Can I keep my current Medicare Supplemental Insurance or switch to a different Medigap policy if I move out-of-state?
- How Do I Cancel My Medicare Supplement Plan (Medigap Policy)?
- Does Medicare Supplemental Work With A Medicare Advantage Plan?
- What happens to my Medigap policy (Supplemental Insurance) if I join a Medicare Advantage Plan?
- How Much Does Medicare Supplemental Insurance Cost?
- How Do I Enroll In A Medicare Supplement Plan?
- What Is New For Medicare Suplemental Insurance Plans In 2010?
